Townhome/Condominium Update-HAR Report
Demand for townhomes and condominiums cooled for the second consecutive month. Sales declined 8.3 percent year-over-year, with 341 units sold compared to 372 in November of last year. Despite the slowdown in sales activity, prices continued to rise, as the average price increased 10.7 percent to $268,628, while the median price rose 2.4 percent to $230,000.